Monday, June 11, 2007

Wal-Mart to open two new supermarkets in Costa Rica

San Jose (EFE) - U.S. retail giant Wal-Mart Stores Inc. said it planned to open two new supermarkets in Costa Rica at a cost of more than $30 million.

The new retail outlets will be located in Escazu, west of San Jose, and in the Cartago province, some 23 kilometers (14 miles) east of the capital.

The superstores, which will be operated under the Hipermas name, will create some 1,000 direct and indirect jobs, the company said.

In addition to groceries, the supercenters will offer technology and entertainment products, take-out food, baby items and auto services, such as tires and oil changes.

The Escazu store will have 29,513 sq. meters (317,258 sq. feet) of space, while the Cartago outlet will have 25,619 sq. meters (275,399 sq. feet) of space, Wal-Mart's corporate affairs chief in Costa Rica, Yolanda Fernandez, said.

The two new outlets will raise to 146 the number of stores operated by the retailing giant in Costa Rica under the names of Pali, Maxibodegas, Mas x Menos and Hipermas.

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